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Bond Funds Attract Deposits for First Time in Two Months Bloomberg Investors added money to U.S. bond mutual funds last week for the first time in almost two months as interest rates stabilized and the Federal Reserve provided no new information about plans to curtail its asset-buying program. Bond funds attracted $2.1&nbsp; ...

BOSTON (Reuters) - July's drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases, a top Fed official said on Friday.

Fab&#39;s Fine Line Between Illegal and Idiotic Bloomberg The picture you get from reading about the testimony in the Fabrice "Fabulous Fab" Tourre case is of a bunch of people behaving like idiots. Tourre appears willing to say anything to potential buyers to close the deal. The people buying his mortgage bonds&nbsp; ...

As markets digest monetary policy statements from three of the world's major central banks within 24 hours, two of the institutions have been hit with accusations of causing confusion and lacking transparency by economists.

NEW YORK (MarketWatch) -- Pimco's Total Return Fund , the world's largest bond fund, had its second consecutive month of outflows in July. Investors pulled $7.5 billion from the fund in July after pulling $9.6 billion in June, according to Michael Rawson, fund analyst at Morningstar. Full-month returns for the fund are not yet available, but it returned 0.47% for July through Monday, The Wall Street Journal reported, citing Morningstar. "It's significant in the fact that it had such strong inflows in 2012, and investors have really started to get more concerned about the potential for a rise in rates, so they're pulling more money out of bond funds," said Rawson.

Bond prices took a swift, violent turn higher after July's job gains of 162,000 fell short of expectations, but the data is not seen as so weak that it will change the Fed's plans to pare back its bond buying.

After unemployment numbers disappointed Wall Street, Jan Hatzius, chief economist at Goldman Sachs, said he was most disappointed in the labor force participation rate, which makes the overall unemployment number weaker than it appears.

Economists weigh in on jobs data that showed decline of the unemployment rate to near five year low, but weaker-than-expected job growth and the first decline in average hourly earnings in nine months.

The Labor Department announced today that the U.S. economy added 165,000 jobs in June and that the unemployment rate fell two-tenths of a percentage point to 7.4%. The feds also said that job growth in April and May was slower than initially thought, with 23,000 fewer jobs being added than was previously reported. The headline job growth number represents fairly solid overall growth. That figure is still ahead of the 75,000 to 125,000 jobs needed each month to stay ahead of population growth, even if it falls short of the 200,000 per-month job growth we&#8217;ve seen recently. But for market participants, this jobs report most likely raises more questions than it answers, mostly because it&#8217;s difficult to tell exactly how the Federal Reserve will react. Previously, Fed Chair Ben Bernanke has said that a 7.5% unemployment rate is an important threshold, below which the central bank would consider slowing the pace of its bond purchases, popularly known as &#8220;quantitative easing.&#8221; Though the significant drop in the unemployment rate looks like great news, the data underlying today&#8217;s report paint a checkered picture. The two headline figures in the employment situation report &#8212; the total number of jobs added and the unemployment rate &#8212; are drawn from two different surveys, of companies and households respectively. And according to the household survey, the labor force shrunk by 37,000 people, a dynamic that helped drive down the unemployment rate. (MORE: The Female Labor Market Is Actually Stagnating) The so-called &#8220;labor force participation rate&#8221; or the ratio of folks in the labor force to the total working-age population declined by 0.1%, a reversal from previous months when the participation rate had been creeping up. This number is a key metric that economists will be watching going forward to measure the health of the job market. As I&#8217;ve written previously, the participation rate...

Economists polled by Reuters were expecting factory orders to rise 2.2 percent in June, up slightly from a 2.1- percent gain the month before. This is a breaking news story. Please check back on CNBC.com for updates to this article..

The July jobs report is out at 8:30 a.m. Friday. Analysts are expecting it to show that the United States added 185,000 jobs in July, and that the unemployment rate edged down to 7.5 percent. Return here as the Wonkblog staff digests the report, making sense of it in real time. Read full article &#62;&#62; &nbsp; &nbsp; &nbsp; &nbsp;

NEW YORK (Reuters) - U.S. stock index futures edged higher in low volume on Friday, following record high closes on the S&P 500 and Dow industrials and ahead of the widely anticipated payrolls data for July.

California Mayor Attacks &#39;Greed&#39; With Eminent Domain Bid Bloomberg Gayle McLaughlin marched in Occupy Wall Street protests and rails against "corporate domination." Now, as mayor of Richmond, California, the largest U.S. city with a Green Party leader, she wants to seize home loans and make lenders take less than they&#39;re&nbsp; ... and more&nbsp;&raquo;

Bank of America said the NY attorney general's staff, the Securities and Exchange Commission and the Justice Department have advised it of their intent to recommend filing civil actions related to mortgage-backed securities and other mortgage-related matters.. Please check back for further updates. Click here for the latest on the markets.

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